2 mistakes I made on it:
1) Had extreme conviction so refused to respect technical indicator whereas I should have covered some if not all at the base -$1.60 when it failed to breakdown but instead I kept holding and it squeezed nasty and at the peak I was down $5K.
2) I covered toooo earlyyyy!!! I should have held 1/3 and see the basing action when liquidity gone before covered! Killer setup!!!! chance is all stubborn early shorts got fucked yesterday and morning action more shorts got fucked and it brought buyers and kalani had big chunk to sell. The problem with me is when I started taking profit I couldn't stop.
used 60k shares short so pretty sizable position and I couldn't afford wrong!
great trade! had feeling no selling and crowded so out! no question to be asked!
gt. nailed eod fade. keep some for swing couple days ideally cover at low $1 or even sub $1.
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